Blackstone Inc
Blackstone exec reveals how to make money when investing in India — and the mistake to avoid
India’s economic growth story is a stunning one — but the question of where investors should park their money is not always straightforward, with one Blackstone executive highlighting a common mistake. India is set to become the world’s third-largest economy by 2027, according to its finance ministry . The country’s stock market has also been […]
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Stocks making the biggest moves midday: Visa, Smartsheet, JD.com and more
Check out the companies making headlines in midday trading: Visa — Shares dropped nearly 4% following a Bloomberg report that the Justice Department is preparing to file an antitrust lawsuit against the credit card network and payments processor. Smartsheet — Shares surged more than 6% after Blackstone and Vista Equity Partners agreed to buy the […]
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Blackstone and Vista Equity Partners to acquire software maker Smartsheet for $8.4 billion
Smartsheet CEO Mark Mader. Source: Smartsheet Collaboration software maker Smartsheet announced Tuesday Blackstone and Vista Equity Partners will acquire it in an all-cash deal valuing the company at about $8.4 billion. Stockholders will receive $56.50 per share, a 41% premium to Smartsheet’s average closing price over the last three months. The company had been gauging […]
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Motel 6 sold to Indian hotel operator Oyo for $525 million
A Motel 6 Fort Worth Star-Telegram | Tribune News Service | Getty Images The budget motel chain Motel 6 is being acquired by the parent company of Oyo, a hotel operator based in India. The New York-based investment firm Blackstone, which owns Motel 6’s parent company G6 Hospitality, announced Friday that the deal would be […]
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88 corporate leaders endorse Harris in new letter, including CEOs of Yelp, Box
U.S. Vice President and Democratic presidential candidate Kamala Harris speaks at a campaign event at the Throwback Brewery, in North Hampton, New Hampshire, on September 4, 2024. Joseph Prezioso | AFP | Getty Images WASHINGTON — Eighty-eight current and former top executives from across corporate America have endorsed Vice President Kamala Harris for president in […]
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Blackstone-led consortium nears $13.5 billion deal to acquire AirTrunk, Reuters reports
Blackstone offices in New York City. Erik Mcgregor | Lightrocket | Getty Images A consortium led by Blackstone is nearing a deal to acquire Australian data center group AirTrunk for A$20 billion ($13.53 billion) including debt, a person with knowledge of the situation said on Monday. Blackstone and its partner, the Canada Pension Plan Investment Board, emerged as […]
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NFL expected to vote in favor of private equity ownership; select firms to commit $12 billion
Jacob Kupferman | Getty Images The NFL’s most exclusive club is about to let in new members. At a special league meeting in Eagan, Minnesota, on Tuesday, the National Football League’s 32 owners are expected to vote in favor of allowing select private equity firms to buy up to a 10% stake of a team. […]
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As the super-rich pile into alternatives, a top investment manager reveals how others can too
There’s a growing interest in alternative assets from all corners of the investing landscape, including family offices, endowment funds, insurers, financial advisors — and increasingly the super-rich , according to investment manager Juan Delgado-Moreira. “The ultra-high-net-worth are drawn to private markets and are increasing their allocations to the asset class because they offer a range of […]
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Stocks making the biggest moves midday: D.R. Horton, Domino’s Pizza, Infosys and more
Check out the companies making headlines in midday trading. D.R. Horton – Shares surged more than 12% after the company’s fiscal third-quarter results topped Wall Street expectations. The homebuilder posted earnings of $4.10 per share on revenue of $9.97 billion. Analysts polled by FactSet were expecting $3.75 per share on revenue of $9.61 billion. The […]
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Stocks making the biggest moves premarket: Domino’s, Warner Bros. Discovery, United Airlines and more
Check out the companies making headlines before the bell. Domino’s Pizza — Shares plunged more than 13% on the company’s mixed second-quarter results. Domino’s posted $4.03 earnings per share, topping an LSEG estimate of $3.68 per share. However, revenue came in line with estimates at $1.1 billion. U.S. comparable store sales also grew slightly less […]
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